Amphenol Co. (NYSE:APH) Shares Bought by Everence Capital Management Inc.

Everence Capital Management Inc. raised its position in shares of Amphenol Co. (NYSE:APH) by 100.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,944 shares of the electronics maker’s stock after buying an additional 5,972 shares during the period. Everence Capital Management Inc.’s holdings in Amphenol were worth $778,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Beacon Capital Management LLC grew its stake in Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC boosted its position in shares of Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the period. Sachetta LLC boosted its position in shares of Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the period. Trifecta Capital Advisors LLC raised its stake in Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Amphenol during the 2nd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Luc Walter sold 170,000 shares of Amphenol stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.10, for a total value of $10,897,000.00. Following the completion of the transaction, the insider now directly owns 447,790 shares in the company, valued at $28,703,339. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Luc Walter sold 170,000 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.10, for a total value of $10,897,000.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock worth $98,236,640 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Bank of America reduced their price objective on Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. UBS Group raised their price objective on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Vertical Research initiated coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price on the stock. Robert W. Baird decreased their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Truist Financial raised their price objective on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.50.

Amphenol Stock Down 0.4 %

NYSE:APH traded down $0.30 during mid-day trading on Monday, hitting $67.16. The company had a trading volume of 2,082,962 shares, compared to its average volume of 6,546,560. The business has a fifty day simple moving average of $64.76 and a 200-day simple moving average of $64.32. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. Amphenol Co. has a 1 year low of $39.34 and a 1 year high of $70.84. The firm has a market capitalization of $80.67 billion, a price-to-earnings ratio of 41.39, a PEG ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share. Equities analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. Amphenol’s payout ratio is currently 40.49%.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.